Vanguard U.S. Momentum Factor ETF
ALTAR
Score™
0.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
77.1x P/Sales
ratio
2.3x
P/BV
ratio
6.0x Div.
yield
0.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with strong recent performance as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $61
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 672
Wgt avg mkt cap (mns) $110,593
Large cap (>$10bn) 54.1%
Mid cap ($2-10bn) 22.4%
Small cap (<$2bn) 23.3%
Developed mkts 98.7%
Emerging mkts 1.2%

TOP TEN HOLDINGS
ADVANCED MICRO DEVICES 1.7 %
APPLE INC 1.5 %
TESLA MOTORS INC 1.4 %
NVIDIA CORP 1.3 %
AMAZON.COM INC 1.2 %
MERCADOLIBRE INC 1.2 %
REGENERON PHARMACEUTICALS 1.2 %
NEWMONT MINING CORP 1.1 %
NETFLIX INC 1.1 %
VERTEX PHARMACEUTICALS INC 1.0 %
Total 12.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.7 %
ARGENTINA 1.2 %
LUXEMBOURG 0.8 %
IRELAND 0.7 %
BERMUDA 0.4 %
CANADA 0.4 %
BRITAIN 0.2 %
ISRAEL 0.1 %
UNITED KINGDOM 0.1 %
PUERTO RICO 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.8% 10.3% -- -- 8.5%

Market Correlations
versus... Beta R-squared
S&P500 1.11 88%
MSCI EAFE 1.09 71%
MSCI Emg. Mkts. 0.78 58%

Technical Indicators
Recent close $93.90
30d moving avg. $91.02
Annualized volatility 21.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.5%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $163,599

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard U.S. Momentum Factor ETF ETF based on the alternatives' overlap in portfolio holdings with VFMO. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMO Expense: 13 bp ALTAR Score™: 0.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMO
Ticker Fund
Name
Overlap1
vs VFMO
(%)
Expense
ratio
(bp)
Savings
vs VFMO
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMO
(%)
FAD First Trust Multi Cap Growth AlphaDEX Fund 40.1 66 -53 2.2 +2.1
MTUM iShares Edge MSCI USA Momentum Factor ETF 37.0 15 -2 4.1 +4.0
JMOM JPMorgan U.S. Momentum Factor ETF 36.8 12 1 3.6 +3.4
TUSA First Trust Total US Market AlphaDEX ETF 30.3 70 -57 5.6 +5.5
FDMO Fidelity Momentum Factor ETF 30.1 29 -16 3.7 +3.6
VONG Vanguard Russell 1000 Growth Index Fund 28.5 8 5 3.7 +3.6
IWF iShares Russell 1000 Growth ETF 28.5 19 -6 3.6 +3.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.5 12 1 4.5 +4.3
VFMF Vanguard U.S. Multifactor ETF 28.3 19 -6 6.7 +6.6
FTC First Trust Large Cap Growth AlphaDEX Fund 28.1 61 -48 2.7 +2.5
VXF Vanguard Extended Market Index Fund 27.5 7 6 3.5 +3.4
ESGV Vanguard ESG U.S. Stock ETF 27.1 12 1 4.9 +4.8
SFY SoFi Select 500 ETF 26.6 0 13 5.0 +4.9
VTHR Vanguard Russell 3000 Index Fund 26.4 10 3 4.8 +4.7
IWV iShares Russell 3000 ETF 26.4 20 -7 4.8 +4.6
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 26.3 9 4 5.3 +5.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 26.1 21 -8 3.0 +2.8
SCHB Schwab U.S. Broad Market ETF 26.1 3 10 5.0 +4.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.1 3 10 4.9 +4.8
VTI Vanguard Total Stock Market Index Fund 25.9 3 10 4.9 +4.8
SCHG Schwab U.S. Large-Cap Growth ETF 25.7 4 9 3.9 +3.8
VONE Vanguard Russell 1000 ETF 25.5 8 5 5.0 +4.8
IWB iShares Russell 1000 ETF 25.5 15 -2 4.9 +4.8
SCHA Schwab U.S. Small-Cap ETF 25.5 4 9 4.4 +4.3
SCHK Schwab 1000 Index ETF 25.2 5 8 5.0 +4.9
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 25.2 75 -62 3.9 +3.8
VUG Vanguard Growth Index Fund 25.2 4 9 3.8 +3.7
EXT WisdomTree U.S. Total Earnings Fund 25.1 28 -15 5.0 +4.9
AVUS Avantis U.S. Equity ETF 24.9 15 -2 5.4 +5.3
IYY iShares Dow Jones U.S. ETF 24.9 20 -7 4.9 +4.8
PBSM Invesco PureBeta MSCI USA Small Cap ETF 24.9 6 7 5.0 +4.9
PBUS Invesco PureBeta MSCI USA ETF 24.5 4 9 5.0 +4.9
FCTR First Trust Lunt U.S. Factor Rotation ETF 24.5 65 -52 2.7 +2.6
IUSG iShares Core S&P US Growth ETF 24.4 4 9 4.2 +4.1
SCHX Schwab U.S. Large-Cap ETF 24.3 3 10 5.1 +4.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 24.2 29 -16 5.8 +5.6
JHML John Hancock Multifactor Large Cap ETF 24.1 29 -16 5.3 +5.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 23.8 17 -4 4.8 +4.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 23.7 2 11 5.1 +5.0
VB Vanguard Small-Cap ETF 23.6 5 8 5.2 +5.0
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 23.6 25 -12 6.2 +6.1
AFLG First Trust Active Factor Large Cap ETF 23.6 55 -42 5.3 +5.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 23.6 7 6 5.0 +4.9
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF 23.5 49 -36 4.9 +4.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 23.5 30 -17 6.2 +6.1
VV Vanguard Large-Cap Index Fund 23.4 4 9 5.0 +4.9
ESGU iShares MSCI USA ESG Optimized ETF 23.4 15 -2 4.9 +4.8
SPTM SPDR Portfolio Total Stock Market ETF 23.2 3 10 5.3 +5.1
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 23.1 59 -46 4.0 +3.9
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 23.1 35 -22 4.3 +4.2
PDP Invesco DWA Momentum ETF 22.9 62 -49 2.3 +2.2
IQSU IQ Candriam ESG US Equity ETF 22.8 9 4 4.9 +4.7
ONEO SPDR Russell 1000 Momentum Focus ETF 22.7 20 -7 6.1 +6.0
USMF WisdomTree U.S. Multifactor Fund 22.7 28 -15 5.3 +5.2
SPYG SPDR Portfolio S&P 500 Growth ETF 22.6 4 9 4.2 +4.0
VOOG Vanguard S&P 500 Growth ETF 22.6 10 3 4.1 +4.0
IVW iShares S&P 500 Growth ETF 22.6 18 -5 4.0 +3.9
AUSF Global X Adaptive U.S. Factor ETF 22.5 27 -14 7.5 +7.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 22.3 20 -7 7.3 +7.1
QGRO American Century STOXX U.S. Quality Growth ETF 22.3 29 -16 3.1 +3.0
FEX First Trust Large Cap Core AlphaDEX Fund 22.3 60 -47 5.8 +5.6
VFQY Vanguard U.S. Quality Factor ETF 22.3 13 0 5.7 +5.5
PBP Invesco S&P 500 BuyWrite ETF 22.3 49 -36 4.7 +4.6
SPXE ProShares S&P 500 Ex-Energy ETF 22.0 27 -14 5.1 +4.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 22.0 34 -21 4.7 +4.6
HSPX Global X S&P 500 Covered Call ETF 22.0 65 -52 4.6 +4.5
RPG Invesco S&P 500 Pure Growth ETF 22.0 35 -22 4.3 +4.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 21.8 20 -7 5.1 +5.0
SPY SPDR S&P 500 ETF Trust 21.8 9 4 5.1 +5.0
TECB iShares US Tech Breakthrough Multisector ETF 21.7 40 -27 4.0 +3.8
IVV iShares Core S&P 500 ETF 21.7 4 9 5.2 +5.0
SPLG SPDR Portfolio Large Cap ETF 21.7 3 10 5.2 +5.1
VOO VANGUARD S&P 500 ETF 21.7 3 10 5.2 +5.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 21.6 9 4 5.8 +5.7
AIEQ AI Powered Equity ETF 21.5 87 -74 2.9 +2.8
VEGN US Vegan Climate ETF 21.5 60 -47 5.0 +4.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 21.5 60 -47 3.9 +3.8
FVL First Trust Value Line 100 Exchange-Traded Fund 21.4 70 -57 4.5 +4.4
IWL iShares Russell Top 200 ETF 21.3 15 -2 4.7 +4.6
BFOR Barron's 400 ETF 21.3 65 -52 5.9 +5.8
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 21.3 24 -11 6.5 +6.3
IWY iShares Russell Top 200 Growth ETF 21.2 20 -7 3.7 +3.6
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 21.2 20 -7 4.7 +4.6
EUSA iShares MSCI USA Equal Weighted ETF 21.1 15 -2 5.9 +5.8
CATH Global X S&P 500 Catholic Values Custom ETF 21.1 29 -16 5.0 +4.8
BKLC BNY Mellon US Large Cap Core Equity ETF 21.0 0 13 4.9 +4.8
MGK Vanguard Mega Cap Growth ETF 21.0 7 6 3.9 +3.8
SPMO Invesco S&P 500 Momentum ETF 20.9 13 0 4.1 +4.0
SCIU Global X Scientific Beta US ETF 20.9 19 -6 5.6 +5.4
IWO iShares Russell 2000 Growth ETF 20.9 24 -11 -0.1 -0.2
IWM iShares Russell 2000 ETF 20.7 19 -6 3.4 +3.3
SIZE iShares Edge MSCI USA Size Factor ETF 20.7 15 -2 6.0 +5.9
SPXN ProShares S&P 500 Ex-Financials ETF 20.6 27 -14 4.7 +4.6
VTWG Vanguard Russell 2000 Growth Index Fund 20.6 15 -2 -0.0 -0.2
PWB Invesco Dynamic Large Cap Growth ETF 20.6 55 -42 3.3 +3.1
RBUS Nationwide Risk-Based U.S. Equity ETF 20.5 30 -17 4.6 +4.5
VTWO Vanguard Russell 2000 Index Fund 20.4 10 3 3.5 +3.4
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 20.4 39 -26 3.9 +3.8
QYLD Global X NASDAQ 100 Covered Call ETF 20.4 60 -47 3.3 +3.2
MGC Vanguard Mega Cap Index Fund 20.4 7 6 5.0 +4.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard U.S. Momentum Factor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 1.4 %
Divided by: Fwd. P/BV 5.6 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 0.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.